Business Overview

This is a rare opportunity to acquire a landmark nursery & garden center in California! The timing is ideal to purchase this business as the landscape & gardening market grew exponentially in 2020. The Seller states: restrictions during Covid on most leisure activities resulted in millions of people becoming first-time gardeners. A majority of them are Gen XYZ and Millennials. This well-known, long-established nursery draws loyal clients from all over the state of California. The business serves the retail segment, and it is renowned as an industry expert, providing customers with nearly 60 years of industry experience, education, & know-how. For decades, the business has built a reputation for having top quality plant products and one of the largest selections of flowering plants, trees, gardening & landscaping supplies. Highly profitable, with year-over-year revenue growth, this business is prime for scaling and expansion. The nursery is completely turn-key, with highly trained & dedicated staff. Per the Seller, this business could comfortably be run as a semi-absentee operated business. The business includes the plant nursery, garden center, and a very popular on-site gift shop. Included in the sale is the business FF&E, including a 16 ft. Box Van. Inventory is not included in the asking price, due to fluctuating levels. Buyer will need to purchase inventory on hand at closing in addition to the business price. On average, the business carries approximately $385,000 of inventory. The Seller owns the real property and land used for nursery operations. The Seller is also offering to sell the real property at an asking price of $1,100,000. This is an excellent opportunity for a buyer who is passionate about the landscape & gardening industry, for a buyer looking for a lifestyle change away from the corporate world, or a buyer in the nursery business looking to expand. Call now! Or email inquiries to: ddube@fcbb.com

Financial

  • Asking Price: $1,700,000
  • Cash Flow: $653,589
  • Gross Revenue: $2,206,812
  • EBITDA: N/A
  • FF&E: $37,500
  • Inventory: $385,000
  • Inventory Included: N/A
  • Established: 1964

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:4,881
  • Lot Size:N/A
  • Total Number of Employees:11
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business has a location of 4,881 square feet. The seller is active in business with 11 FT employees. Hours of operation are 8:00am - 5:00pm, Thursday- Tuesday. Included in asking price: $37,500 in Equipment & Fixtures.

Is Support & Training Included:

thirty (30) days

Purpose For Selling:

Retirement

Additional Info

The venture was started in 1964, making the business 58 years old.
The deal doesn't include inventory valued at $385,000*, which ins't included in the asking price.

The company has 11 FT employees and resides in a building with estimated square footage of 4,881 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell companies. Nonetheless, the true factor and the one they tell you may be 2 absolutely different things. As an example, they may say "I have way too many other commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a range of other factors. This is why it is really vital that you not depend entirely on a seller's word, however rather, utilize the vendor's response along with your overall due diligence. This will paint a more sensible image of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Remember that in some cases this can imply that profit margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be fulfilled or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in brand-new customers? Many times, operating businesses have repeat customers, which form the core of their everyday earnings. Certain factors such as new competition sprouting up around the location, roadway construction, and staff turnover can influence repeat consumers and also negatively affect future profits. One important thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the better the opportunity to build a returning client base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Just how might the regional median household income impact future earnings potential?